Latticework Capital Management Invests in First Medical Associates

June 24, 2025

Latticework Capital Management announced a strategic investment to acquire First Medical Associates, a Germantown, Maryland-based primary care provider with eleven clinics. Funds managed by PennantPark Investment Advisers provided debt financing to support the acquisition, and Latticework will partner with founder Dr. Rakesh Malik to scale the business via geographic expansion and add-on growth.

Buyers
Latticework Capital Management, Funds managed by PennantPark Investment Advisers, LLC
Targets
First Medical Associates
Location
Maryland, United States
Transaction Type
Buyout

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